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Top Three Ways to Get Funding

Written by admin on Jan. 6, 2013 in Merchant Capital Advance , Merchant Cash Advance , Merchant Services , Working Capital Advance .

This is Dana Barrett with Blindbid.com, where we help small merchants get a better deal.  Today, I’m going discuss the top 3 ways to get funding for your business. 

The first is the most traditional, a bank loan.  Bank loans are the least expensive option, but also the hardest to get.  Most loans require some sort of collateral, unless you opt for a line of credit.  But many small businesses have seen their lines of credit slashed or pulled.   And if you have a bad credit score, most banks are refusing to lend money.  

Credit cards have been ...

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Merchant Cash Advance: Part 4

Written by admin on Dec. 30, 2012 in Merchant Account , Merchant Capital Advance , Merchant Cash Advance , Merchant Services , Working Capital Advance .

Part 4 – Merchant Cash Advance How to Find Reputable Companies and Avoid Pitfalls

In parts one and two and three, I talked about what a merchant cash advance is, what the qualifications are, and  how it works.     In this segment, I will cover how to find a reputable cash advance company, and what pitfalls to avoid.

If you want to find a reputable merchant cash advance company there are several ways to do it.   I highly suggest that you get multiple quotes.  There are several reasons for this. The two most important reasons are you want to find a provider ...

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Merchant Cash Advance: Part 3

Written by admin on Dec. 30, 2012 in Merchant Account , Merchant Capital Advance , Merchant Cash Advance , Merchant Services , Working Capital Advance .

Part 3 – Merchant Cash Advance How It Works

In parts one and two, I talked about what a merchant cash advance is and the qualifications.   In this segment, I will cover the cash advance payback, the payback period, the factor, the factor fee, and the daily retrieval rate.

So, your business has been approved for a cash advance.  In most cases, you will receive up to 100% of your monthly credit card processing volume or your monthly sales volume.  The total amount will vary from provider to provider.  The standard is 100% of your monthly credit card processing volume. So ...

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Merchant Cash Advance: Part 2

Written by admin on Dec. 30, 2012 in Merchant Account , Merchant Capital Advance , Merchant Services , Working Capital Advance .

Part 2 – Merchant Cash Advance Qualifications 

In part one, I talked about what a merchant cash advance is.  In this segment, I will cover the merchant cash advance qualifications.

A cash advance provider will look at your monthly sales volume and your monthly credit card processing volume to determine maximum advance amount.  Typically, the advance amount is equal to your monthly credit card volume and sometimes your monthly sales volume.  The providers use your credit card volume as proof of sales.  You can submit bank statements if you want to go the ACH route or if you want a bigger ...

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Merchant Cash Advance: Part 1

Written by admin on Dec. 30, 2012 in Merchant Capital Advance , Merchant Cash Advance , Merchant Services , Working Capital Advance .

Part 1:  What is a merchant cash advance?

This is Dana Barrett  with Blindbid.com, where we help small merchants get a better deal.  Today, I’m going to discuss Merchant Cash Advance:  Is it right for your business?    This is the first part of a four part series. 

More and more businesses are turning to alternative forms of credit, because banks are not lending.   A recent study by Pepperdine University revealed that 60% of small business bank loans were denied in 2011.   To pick up the slack, private capital providers have stepped into the market.   

Cash advances are not ...

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